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599 Spring Street, Manchester, CT 06040

3 beds • 3 baths • 2623 sqft

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This property looks like a bad Airbnb investment with a projected -19.01% first-year return on $135k initial cash invested.

-19.01%

Cash On Cash

1.89%

Cap Rate

0.31

DSCR

$3,515

Rent

-$2,135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,515 income − $5,650 expenses = $2,135 out of pocket

Income$3,515Out of Pocket$2,135Mortgage P&I$2,87182%Property Taxes$89926%Insurance$1925%Management$52715%CapEx$1414%Maintenance$1414%Other$87925%

Investment Breakdown

|

Purchase Price

$556k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,559

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,515

Total Expenses

$5,650

Mortgage P&I

82%

$2,871

Property Taxes

26%

$899

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$527

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$879

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